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Preface | |
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About the authors | |
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Publisher's acknowledgements | |
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Management accounting for decision making | |
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Foundations of management accounting | |
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The role of management accounting information | |
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Early developments in trade and production | |
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Increasing complexity of operations | |
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Management accounting theory | |
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Conclusion | |
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Exercises | |
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References | |
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Planning and decision making | |
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Decision making | |
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Decision making under risk and uncertainty | |
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Decision making under complete uncertainty | |
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Risk, uncertainty and the decision maker | |
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Exercises | |
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References | |
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Management control | |
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Management issue | |
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Governance and control of strategic management | |
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Management control concepts and frameworks | |
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Management control system design | |
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Evaluating the effectiveness of management controls | |
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Summary | |
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Exercises | |
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Cases | |
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References | |
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Financial modelling | |
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Introduction | |
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Models for business decision making | |
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Modelling risk and uncertainty | |
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Recap of financial modelling | |
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Exercises | |
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Cases | |
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References | |
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Profitability analysis | |
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Budgeting and beyond | |
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Introduction | |
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Different approaches to budgeting | |
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Activity based budgeting application | |
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Monte Carlo budget simulations | |
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The hazardous game of aggregating budgets | |
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Budget variance analysis | |
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The future of budgeting | |
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Exercises | |
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Cases | |
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References | |
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Cost analysis and estimation | |
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Introduction | |
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Cost functions | |
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Cost estimation techniques | |
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Simple linear regression | |
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Multivariate regression | |
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Modelling for learning | |
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Data requirements | |
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Exercises | |
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References | |
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Investment analysis | |
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Introduction | |
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Management issues | |
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A brief theory of compounded interest | |
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Discounted cash flow methods | |
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Risk and uncertainty | |
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Investment lifetime | |
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Cost of capital | |
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Forecasts of future cash flows | |
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Real options and net present value analysis | |
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Investment portfolios and capital rationing | |
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Evaluations and post-audits of investment analyses, decisions, and outcomes | |
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Investment analysis summary | |
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Exercises | |
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Cases | |
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References | |
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Management of operational performance | |
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Introduction | |
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Defining the production plan | |
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Extensions of LP models | |
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Theory of constraints | |
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Quality control | |
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Supply chain management | |
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Exercises | |
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References | |
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Management control systems | |
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Transfer pricing for divisionalised operations | |
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Overview | |
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Divisional structure, performance evaluation and transfer pricing | |
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Economic efficiency | |
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International transfer pricing | |
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Summary | |
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Exercises | |
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Cases | |
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References | |
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Integrated financial and non-financial measures | |
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Introduction | |
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Integrated performance measurement systems (IPMS) | |
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IPMS design decisions | |
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Integrated performance measurement systems (IPMS) in action | |
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Exercises | |
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Cases | |
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References | |
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Inter-organisational management control | |
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Introduction | |
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Alternative lORs | |
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Strategic management issues for lORs | |
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Case studies of inter-organisational control | |
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Conclusion | |
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Exercises | |
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Cases | |
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References | |
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Incentive systems in organisations | |
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Introduction | |
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Organisation goals and objectives | |
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Organisation structure | |
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Models of motivation | |
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Incentive systems design | |
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Summary | |
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Exercises | |
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Cases | |
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References | |
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Index | |